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Privatisation failure and failure to privatise: the slovene example
Author(s) -
Stojan Jure
Publication year - 2014
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/ecaf.12084
Subject(s) - failure causes , bank failure , market failure , coordination failure , metric (unit) , economics , operations management , finance , macroeconomics , management , microeconomics
This paper discusses the S lovene experience of privatisation, which is marked by two defects: privatisation failure and failure to privatise. Definitions of privatisation failure fall into four main categories: failure in outcomes, failure in method, failure in regulation, and failure in process. The paper suggests that privatisation failure and failure to privatise are interrelated and proposes a new metric for both.